Adam Nelson Sells 3,750 Shares of Triumph Financial (NYSE:TFIN) Stock

Triumph Financial, Inc. (NYSE:TFIN) EVP Adam Nelson sold 3,750 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $79.05, for a total transaction of $296,437.50. Following the completion of the sale, the executive vice president owned 23,755 shares in the company, valued at $1,877,832.75. The trade was a 13.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Triumph Financial Stock Performance

Shares of Triumph Financial stock opened at $75.81 on Friday. Triumph Financial, Inc. has a 12 month low of $46.43 and a 12 month high of $83.52. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.81 billion, a PE ratio of 51.22 and a beta of 1.39. The business has a fifty day simple moving average of $75.66 and a 200-day simple moving average of $67.49.

Triumph Financial (NYSE:TFIN) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. Triumph Financial had a return on equity of 4.69% and a net margin of 7.17%.The firm had revenue of $120.24 million for the quarter, compared to analyst estimates of $114.67 million. On average, sell-side analysts anticipate that Triumph Financial, Inc. will post 1.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Triumph Financial

Several institutional investors have recently made changes to their positions in TFIN. Royal Bank of Canada increased its holdings in Triumph Financial by 73.8% in the first quarter. Royal Bank of Canada now owns 27,541 shares of the company’s stock worth $1,592,000 after buying an additional 11,694 shares during the last quarter. AQR Capital Management LLC lifted its stake in Triumph Financial by 45.2% in the first quarter. AQR Capital Management LLC now owns 5,760 shares of the company’s stock valued at $333,000 after acquiring an additional 1,794 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Triumph Financial by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the company’s stock valued at $759,000 after acquiring an additional 564 shares during the last quarter. Norges Bank bought a new stake in Triumph Financial in the second quarter worth approximately $304,000. Finally, First Trust Advisors LP grew its position in Triumph Financial by 59.8% in the second quarter. First Trust Advisors LP now owns 24,198 shares of the company’s stock worth $1,334,000 after acquiring an additional 9,052 shares in the last quarter. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on TFIN shares. Weiss Ratings reissued a “hold (c)” rating on shares of Triumph Financial in a research report on Tuesday, May 12th. Stephens boosted their price objective on shares of Triumph Financial from $82.00 to $88.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. B. Riley Financial upped their price objective on shares of Triumph Financial from $70.00 to $82.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Zacks Research downgraded shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Triumph Financial from $78.00 to $88.00 and gave the company a “market perform” rating in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $85.00.

Triumph Financial Company Profile

Triumph Financial, Inc (NYSE: TFIN) is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.